Financial & Legal

Leading solar panel manufacturer Yingli Green Energy announced today that it has filed for a 15-day extension of the due date to release its annual report for the year ended 31 December 2014.

PV equipment maker Singulus Technologies will undergo a financial restructuring as it looks to reduce it debt.

Yingli has netted RMB588.2 million (US$94.9 million) from the sale of land earmarked for the expansion of its in-house polysilicon operations.

Folsom Labs, the California-based developer of PV sales and design software HelioScope, has raised US$1 million in a round of funding from other major software players.

Solar developer Solairedirect has been valued at €386 million (US$414 million) after it announced its indicative share price range ahead of its forthcoming IPO.

Bundling a number of solar power generation assets into one investment fund through so-called ‘yieldcos’ is lowering the cost of renewables, while the yieldco market itself is expected to experience substantial growth in the next few years, an investment banker has said.

International downstream PV firm Conergy and developer Holocene have jointly reached financial close on a 28MW portfolio of PV projects in North Carolina.

French developer EDF Energies Nouvelles and Japanese industrial conglomerate Marubeni have entered Chile’s solar market with a 146MW project.

NRG Energy and its yieldco NRG Yield have formed a partnership to invest in residential solar leases.

Struggling PV module assembly equipment specialist Spire Corporation said 2014 financial filings would be delayed due to the exit of its former CFO in February.